Pilgrim’s Pride announced that it has offered to buy Hillshire Brands Co. (NYSE:HSH) in a $6.4 billion deal. Pilgrim’s is the second largest chicken producer in America, for years now the company has wanted to add other meats such as pork products to its inventory. Hillshire Brands Co (NYSE:HSH) net profit margin is 5.70% and weekly performance is 24.28%. On last trading day company shares ended up $45.19. Analysts mean target price for the company is $39.83. Hillshire Brands Co (NYSE:HSH) distance from 50-day simple moving average (SMA50) is 24.32%.
On may 15, DFC Global Corp (NASDAQ:DLLR) was downgraded by equities researchers at Stephens from an “overweight” rating to an “equal weight” rating in a research report issued on Tuesday,TheFlyOnTheWall.com reports. They currently have a $9.50 price objective on the stock, down from their previous price objective of $14.00. Stephens’ target price would indicate a potential upside of 2.48% from the company’s current price. DFC Global Corp (NASDAQ:DLLR) shares fell -0.96% in last trading session and ended the day on $9.29. its return on assets is -8.80%. DFC Global Corp (NASDAQ:DLLR) quarterly performance is 19.41 %.
Houghton Mifflin Harcourt Co (NASDAQ:HMHC) Insider Gary Lee Gentel sold 9,000 shares of Houghton Mifflin Harcourt stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $18.52, for a total transaction of $166,680.00. Houghton Mifflin Harcourt Co. (NASDAQ:HMHC) shares moved up 3.77% in last trading session and was closed at $18.72, while trading in range of $17.42 – $18.77. Houghton Mifflin Harcourt Co. (NASDAQ:HMHC) year to date (YTD) performance is 10.38%.
Pilgrim’s Pride Corporation (Nasdaq:PPC) announced that it has made a proposal toacquire The Hillshire Brands Company (“Hillshire”) (NYSE:HSH) for $45.00 per share in cash, in a transaction valued at $6.4 billion. Pilgrim’s all-cash proposal provides Hillshire shareholders with a substantially superior alternative to Hillshire’s pending acquisition of Pinnacle Foods Inc. (“Pinnacle”) (NYSE:PF), representing a 25% premium to the volume weighted average price of Hillshire shares over the 10 trading days following the announcement of the Pinnacle transaction. Pilgrim’s Pride Corporation (NASDAQ:PPC) ended the last trading day at $25.52. Company weekly volatility is calculated as 2.90% and price to cash ratio as 11.98. Pilgrim’s Pride Corporation (NASDAQ:PPC) showed a positive weekly performance of 3.57%.
O May 21, Synovus Financial Corp. (NYSE:SNV) announced a quarterly dividend on Tuesday, May 20th, American Banking News reports. Shareholders of record on Thursday, June 19th will be paid a dividend of 0.07 per share on Tuesday, July 1st. This represents a $0.28 annualized dividend and a dividend yield of 1.27%. Synovus Financial Corp. (NYSE:SNV) net profit margin is 17.70% and weekly performance is 3.59%. On last trading day company shares ended up $22.77. Analysts mean target price for the company is $25.13. Synovus Financial Corp. (NYSE:SNV) distance from 50-day simple moving average (SMA50) is -1.26%.
Leave a Reply